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Volatile political situation in Pakistan delaying IMF deal: report

Volatile political situation in Pakistan delaying IMF deal: report
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Washington/Islamabad, Mar 15 (PTI) The current volatile political situation in Pakistan has become a factor in delaying a much-needed deal with the Washington-based IMF that may stabilise the cash-strapped country’s economy, according to a media report on Wednesday.

Pakistan’s economy is in dire straits. The country is awaiting a much-needed USD 1.1 billion tranche of funding from the International Monetary Fund (IMF).

The funds are part of a USD 6.5 billion bailout package the IMF approved in 2019, which analysts say is critical if Pakistan is to avoid defaulting on external debt obligations.


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